Uncategorized • October 16, 2026

Why Are Homes Sitting on the Market in the DMV?

By Shirley Mattam-Male | Top 1.5% Realtor® Nationwide

Silence Is Not an Absence of Feedback. It Is the Feedback.

When a home isn’t selling, sellers often wait for a reason. A comment from a showing. An offer to respond to. A buyer who explains what’s wrong.

But today’s buyers rarely explain. They decide from their screens, quietly, and move on.

The market isn’t ignoring your home. It’s answering you.


Buyers Have Become More Selective

Higher mortgage rates have reduced purchasing power, and buyers are less willing to compromise on their wish lists.

They’re paying attention to dated kitchens and bathrooms, aging roofs, HVAC systems, and the cost of improvements after closing. Many would rather wait for the right home than purchase one requiring significant work.

And they have more choices.

According to Corcoran McEnearney’s October 2026 StatPak, Northern Virginia inventory increased 32.3% year over year in September, while new contracts declined 15.8%.

But the slowdown isn’t uniform. Condominiums are facing greater pressure than detached homes, and certain price ranges remain competitive.

What matters is how your home compares with the properties buyers are considering.

The Silence Is Telling Us Something

When a listing isn’t attracting buyers, I look at where their interest stops.

Are they finding the home online but not scheduling showings? Are they touring but not making offers? Or are they simply choosing competing properties?

Each tells a different story, and each may require a different response.

I recently experienced this with my Farnsworth Drive listing in Potomac, Maryland.

Showings were disappointing, and we weren’t receiving meaningful feedback.

Rather than continue waiting, we relaunched the property with a revised price, additional photography, drone images showcasing the acreage, and increased social media exposure.

We received one offer within 24 hours and another within 48 hours.

It wasn’t simply a price reduction. It was a deliberate repositioning of the property.

The Cost of Waiting Too Long

One of the biggest mistakes sellers make is adjusting too little, too late.

A small reduction followed by another may feel cautious, but it can encourage buyers to wait for the next one.

Consider this finding from September 2026:

Homes in Northern Virginia that went under contract during their first week sold for an average of 1.96% above their original asking price.

Those that took four months or longer sold for an average of 7% below.

These are market averages, not predictions for individual homes. But the comparison reinforces why pricing correctly from the beginning matters.

The goal isn’t to reduce the price. It’s to give buyers a compelling reason to reconsider the property.

Renovate or Adjust the Price?

That decision is made case by case.

My first question is simple: Will this change what buyers see?

If fresh paint, lighting, flooring, or updated bathrooms will materially improve the photographs and bring the property closer to competing homes, the investment may make sense.

If those improvements won’t change buyer perception enough to justify their cost, pricing for the existing condition may be wiser.

Not every dated home needs renovating. But every home needs to be positioned appropriately for its condition.

Listen Before You Act

Sometimes sellers are anchored to what a neighbor received, what they’ve invested, or what they need from the sale.

I understand that. But buyers don’t know the story behind a seller’s number.

So I ask:

“If you were buying today, with this budget, which home would you choose?”

Then we look at the competition together.

My responsibility isn’t to pressure a seller into a decision. It’s to make sure they understand what the market is telling them.

Every week without a showing, every tour without an offer, is information.

The sellers who do well aren’t the ones who wait to be told. They’re the ones who learn to listen.